It doesn’t get much more mixed than this: Hedge Fund Research’s HFRX Global Hedge Fund Index returned just 0.04% last month, while 27 of the 55 strategy and sub-indices tracked by HFR finished June in the red.

The overall HFRX Global index rose 5.56% in the first half, well behind most other hedge fund indices, which added approximately 10% in the first six months of the year.

Like the rest of their hedge fund peers, emerging markets funds were strongly mixed in June. China funds did well, and are the best-performing strategy of the first half with a 36.26% return, but funds focused on Russia and India took a bath last month, dropping 3.96% and 2.88%, respectively. Still, they remain among the top-performing hedge fund strategies of the year, with India funds up 33.45% and Russia funds up 20.55%. BRIC funds—those focusing on Brazil, Russia, India and/or China—are up 24.36% year-to-date, following last year’s disastrous losses for emerging markets funds.